Extra Space Storage
EXR
#576
Rank
A$54.51 B
Marketcap
$247.18
Share price
1.92%
Change (1 day)
48.26%
Change (1 year)
Extra Space Storage is an American real estate investment trust that invests in self storage units.

P/E ratio for Extra Space Storage (EXR)

P/E ratio as of November 2024 (TTM): 26.8

According to Extra Space Storage 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 26.7765. At the end of 2022 the company had a P/E ratio of 22.9.

P/E ratio history for Extra Space Storage from 2004 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202222.9-37.31%
202136.617.73%
202031.1-3.83%
201932.317.09%
201827.619.55%
201723.1-13.07%
201626.5-52.46%
201555.846.62%
201438.136.48%
201327.9-13.36%
201232.2-26.9%
201144.1-24.04%
201058.085.8%
200931.254.27%
200820.2-26.37%
200727.5-60.87%
200670.2-163.85%
2005-1103456.78%
2004-3.09

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
18.4-31.26%๐Ÿ‡บ๐Ÿ‡ธ USA
30.5 13.92%๐Ÿ‡บ๐Ÿ‡ธ USA
26.0-2.94%๐Ÿ‡บ๐Ÿ‡ธ USA
44.2 64.89%๐Ÿ‡บ๐Ÿ‡ธ USA

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.